It doesn't take much imagination if one tries to figure out the other side of the bond market.
They're both four-letter words. But here's a hint, gold.
To say gold has been an investment orphan since its 2011 peak around $1,900 an ounce is like saying politicians love to bluster and bloat. So far this year the yellow metal is up 6%, twice the gain in the S&P 500 index return.
Just to be forthright, we don't own any marijuana shares, don't smoke the stuff and try not to labor too much on Sundays. And Taylor, our dog, still laughs occasionally at our snappy one liners.
If gold were anymore unwelcome today it would look like one's mother-in-law coming up the walkway with a stuffed suitcase unannounced early on a rainy Saturday morning.
Look around. Public confidence in bureaucrats and politicians is lower than whale dung. Bond prices are more inflated than the famous Goodyear Blimp. They took "In God We Trust" off the fiat currency a while ago.
For years pundits have argued gold doesn't pay anything while you're holding it. Have you looked at your checking or savings account lately? Or how about those supposedly-safe CDs?
Forget taxes and inflation. Use the old Rule of 72 to see how long it will take to double your money on what your checking or savings account is yielding. Now that's a fun exercise. Next time you have friends over turn it into a parlor game. Just be sure you allot enough time. It's going to take awhile.
We don't sell gold or have a relationship with anyone who does. That's probably our error. We're just saying something our dear old mother used to tell us when we were growing up
"What you don't know, son, won't hurt you. But it can kill you."
Another one of those four-lettered words.
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